Why baby boomers remain competitive in the U.S. housing market

By: ameer@trustedteam.com

In addition to inflation and student loan balances suppressing the homebuying potential of the millennial generation, baby boomers’ fortunes — especially as the pandemic ballooned their home values —...

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Once controversial, financial assessments prove valuable, reverse experts say

By: ameer@trustedteam.com

Back in 2014, U.S. Department of Housing and Urban Development (HUD) issued a financial assessment for reverse mortgage borrowers that took effect in 2015. The response from the reverse...

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Repaying mortgages: Over 55s release equity as cost of living soars

By: ameer@trustedteam.com

Repaying mortgages is the number one reason people are releasing equity from their home, analysis by Equity Release Supermarket has revealed. Over...

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Is Your Credit Ready For A Mortgage?

By: ameer@trustedteam.com

May 26, 2023 Do you worry about your ability to obtain or use credit because of identity theft, errors in your credit report, or coronavirus-related financial issues that still linger...

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Bluestone Mortgages appoints Sukara as senior BDM for the North 

By: ameer@trustedteam.com

Bluestone Mortgages has hired Nik Sukara as senior business development manager for the North of England,   ...

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Commercial Watch: Lenders should take a leap

By: ameer@trustedteam.com

A few weeks ago a new client approached us, looking to purchase a commercial premises from a bookmaker. The bookmaker wanted to offload the property, presumably to free up...

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Furness BS launches 2-year 70% LTV interest-only mortgage  

By: ameer@trustedteam.com

Furness Building Society has launched a new 70% LTV interest-only home loan.   The two-year fixed-rate product, available across the UK, has a pay rate of 4.70% for both purchases...

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Colonial Savings bank closes mortgage origination unit

By: ameer@trustedteam.com

Colonial Savings, F.A., a thrift bank based in Forth Worth, Texas, has confirmed its plans to exit the mortgage origination business to streamline its services. Effective July 31, Colonial Savings...

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Colonial Savings to drop originations, refocus on servicing, banking

By: ameer@trustedteam.com

Colonial Savings announced Thursday that it will cease originating mortgages and focus instead on its servicing and banking businesses."In light of changing market dynamics and a strategic evaluation of...

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Equity Prime Mortgage accused of not paying rent

By: ameer@trustedteam.com

Two rent-related lawsuits were lodged by separate property companies against Atlanta-based Equity Prime Mortgage LLC, adding to the outstanding number of litigation battles the multi-channel lender has to resolve,...

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